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China will move faster to boost innovation in its national economic and technological development zones in terms of openness, technology and institution building to cultivate new pacesetters in the country's reform and opening-up, the State Council's executive meeting chaired by Premier Li Keqiang decided on Wednesday.

China will release guidelines to reduce foreign investment restrictions on new energy vehicles as soon as possible, the Ministry of Commerce said on Thursday.

China's booming car-sharing sector has great potential, with demand unlikely to be fully met by current industry players in the short term, according to consultancy firm Roland Berger.

China will host an international conference on countering desertification in September, Liu Jieyi, China's permanent representative to the Unite Nations, told the meeting of the Group of Friends of A Pollution-Free World on Combating Desertification.

China's A-share market, together with other major Asian bourses, plunged on Thursday in a chain reaction following the sell-off in the United States.